Fundz

Mx51 Raises $32.5 Million Series B To Gear Up For International Expansion

PRIVATEJul 28, 2022

Amount Raised

$32.5 Million

Round Type

Series B

SydneyFinancial ServicesFintechLendingBanking

Description

Payments technology company mx51 has successfully raised $32.5 million in a Series B round led by an undisclosed global fintech investor. Major existing investors including Mastercard, Acorn Capital, Commencer Capital, Rampersand and Artesian participated in the latest financing.

Quick answer

mx51 raised $32.5 Million in a Series B round, dated July 28, 2022. mx51 is based in Sydney, New South Wales, Australia.

How much did mx51 raise?
mx51 raised $32.5 Million in a Series B round on July 28, 2022.
What does mx51 do?
mx51 is a bank-grade, payments-as-a-service platform, enabling banks and non-bank acquirers to provide modern and seamless multi-channel payments and value-added solutions to merchants.
Where is mx51 based and how big is it?
mx51 is based in Sydney, New South Wales, Australia.

Source: Fundz verified event record.

Who else raised in Financial Services and Fintech around the same time

Companies in the same sectors as mx51 that raised within 45 days of this round, from Fundz verified event records.

  • Ensysce Biosciences raised $8M (Convertible Note) on August 9, 2022.
  • Ensysce Biosciences raised $30M (Funding Round) on August 1, 2022.
  • Guava raised $2.4M (Seed) on July 26, 2022.
  • Ensysce Biosciences raised $4.2M (Seed) on July 8, 2022.
  • Momnt raised $9.5M on September 7, 2022.
  • Ryft raised $1.6M (Seed) on September 1, 2022.

Who to call at mx51, and when

A new round usually means mx51 is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day mx51 raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at mx51, from your own LinkedIn network

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Company Information

Company

mx51

Location

Sydney, New South Wales, Australia

About

mx51 is a bank-grade, payments-as-a-service platform, enabling banks and non-bank acquirers to provide modern and seamless multi-channel payments and value-added solutions to merchants.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

mx51 raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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